Dollar Holds At 11-Month Highs, As Euro, Pound Slide
Wednesday,
20-Jun-2018
03:35 PM (IST)
Away from equities, the U.S. dollar held onto its recent gains to trade at a near 11-month high against a currency basket, as risk aversion sparked by concerns over a worsening trade feud between Washington and Beijing ebbed.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was a shade higher at 94.80, holding below Friday’s eleven-month high of 95.13.Meanwhile, the euro was a touch lower a day after European Central Bank President Mario Draghi reiterated that monetary policy will remain persistent, prudent and patient in the wake of the bank's dovish guidance on interest rates last week.The British pound struggled near a seven-month low of 1.3160 brushed overnight ahead of a key Brexit vote in parliament scheduled for later today.
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